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Stocks rise on upbeat investor sentiment

The Saigon Times

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HCMC – Active cash flow buoyed by upbeat investor sentiment pushed the VN-Index of the Hochiminh Stock Exchange up 4.04 points, or 0.28%, at 1,448.34 at the close today, November 4.

The market breadth was positive with 264 winners and 186 losers. Trade volume totaled over 929 million shares worth VND27.9 trillion, down 38% in volume and 35% in value against the session earlier. Block deals contributed VND1.4 trillion to the total value.

In the VN30 basket, bank stock BID, rubber group GVR, consumer goods producer MSN and steel stock HPG reported strong gains.

Lender SHB continued its upward spiral to close up 6.5% and took the lead on bourse by liquidity with over 44 million shares transacted. Other bank stocks, including MBB, TPB, ACB, VPB, CTG and STB, lost steam.

The group of securities stocks became major drivers of the main index. VND, VIX, CTS and BSI shot up to their ceiling prices at the end.

Many real estate and construction stocks such as GEX, HAI, ACL, HBC, ANV, SGR, VPI, DQC, IDI and CMX hit their upper limits.

The HNX-Index of the Hanoi Stock Exchange gained 6.71 points, or 1.61%, from the session earlier, at 422.42, with 157 stocks rising and 71 others declining.

Securities stock APS reached its daily ceiling price, while other securities firms, including HBS, VIG, MBS and SHS added 5.6%-7.6% each.

Other good performers were industrial development firm IDC, infrastructure stock IJC and project management and investment company API.

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